HSBC Holdings Reviews in Mumbai, India | Glassdoor

HSBC Holdings Mumbai Reviews

Updated May 21, 2017
58 reviews

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Mumbai, India Area (India)

3.1
StarStarStarStarStar
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Recommend to a friend
Approve of CEO
HSBC Holdings Chief Executive Stuart T. Gulliver
Stuart T. Gulliver
16 Ratings

58 Employee Reviews

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Pros
Cons
More Pros and Cons

  1. "A good thing that will last"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Equity Research in Mumbai (India)
    Current Employee - Equity Research in Mumbai (India)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at HSBC Holdings (More than 5 years)

    Pros

    Conservative, provide good opportunities for career advancement, culture of doing better than average. Classy company in terms of values and brand equity. Good place to develop as a professional if you're in a field you're passionate about

    Cons

    Highly bureaucratic and political organisation. Things take ages to change and by that time the world goes even further ahead so we tend to sometimes follow the leader instead of pioneering changes

    Advice to Management

    Companies like google and Facebook are miles ahead in terms of work life balance and employee benefits. Pls learn


  2. Helpful (1)

    "Place to learn and grow your career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Mumbai (India)
    Former Employee - Anonymous Employee in Mumbai (India)
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at HSBC Holdings full-time (More than 10 years)

    Pros

    Company is people centric and ensures that all the required tools and knowledge bases are available for continuous learning
    Lots of career opportunities if you are willing to relocate

    Cons

    Very bureaucratic
    Due to recent burden of fines applied to the company by US government, the situation has become very tight and job security cannot be taken for granted

    Advice to Management

    Value your senior employees and dont just consider them as a cost burden due to their higher salaries. LEverage their knowledge on legacy systems and processes and use them judiciously.

  3. "AVP"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Maharashtra in Mumbai (India)
    Current Employee - Maharashtra in Mumbai (India)
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Good atmosphere, good people, work life balance

    Cons

    Bad Hr team, slow boarding process

    Advice to Management

    Please expediate the boarding process as workstation and email set up takes 48hrs and the same can be done 48hrs prior to joining. This will help the bank save time and also get productivity from the resorce right from day one.


  4. "Poor pay master"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Mumbai (India)
    Current Employee - Anonymous Employee in Mumbai (India)
    Doesn't Recommend
    Negative Outlook

    I have been working at HSBC Holdings (Less than a year)

    Pros

    you can have good work life balance

    Cons

    Salary is not commensurate with industry


  5. "Associate Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate Director in Mumbai (India)
    Former Employee - Associate Director in Mumbai (India)
    Approves of CEO

    I worked at HSBC Holdings (More than 5 years)

    Pros

    Worked in one of the invesment divisions of HSBC. Life was good then. We didn't have a whole lot of stress and moreover the pay was also decent. Of course, this was a while back and things may not be the same now. So, please do take current feedback before deciding.

    Cons

    There were turf wars and ego battles as in all big corporations. But if you put your head down and did your job well, you could navigate the system


  6. "Excellent organization now losing way"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Vice President in Mumbai (India)
    Former Employee - Senior Vice President in Mumbai (India)
    Recommends
    Negative Outlook
    Disapproves of CEO

    I worked at HSBC Holdings full-time (More than 10 years)

    Pros

    Truly global, fantastic culture, people friendly, plays by rules. Also has good compensation policies and excellent diversity support tools

    Cons

    Can get frustrating to get work done. Can be very bureaucratic. Very top heavy. Mediocrity becoming norm

    Advice to Management

    Cut costs but at the top


  7. "Good work environment. Employee friendly policies"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Mumbai (India)
    Current Employee - Vice President in Mumbai (India)
    Recommends
    Disapproves of CEO

    I have been working at HSBC Holdings full-time (More than a year)

    Pros

    Employee friendly policies. Good risk management practices. Strong global brand. Extremely structured organisation, a little too complex. Employee recognition practices.

    Cons

    Extremely pessimistic thought process. Redundant processes. Policies are followed in letter and not in spirit. Lacks in leadership. Bad senior management in most departments.

    Advice to Management

    Please have a long term plan for the organisation and be transparent about it. Also please stick to it.

  8. "About Culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in Mumbai (India)
    Former Employee - Assistant Vice President in Mumbai (India)
    Recommends
    Positive Outlook

    Pros

    Descent Pay Master in the Industry , Instant reward and recognition

    Cons

    Hire and Fire Culture , Frequent Change of Management Strategy


  9. "Pays well. Good for corporate Side roles"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Mumbai (India)
    Former Employee - Anonymous Employee in Mumbai (India)
    Recommends

    I worked at HSBC Holdings full-time (More than a year)

    Pros

    They have a leadership develpment program which identifies leaders of tomorrow and train them. Really good program. Focus on large picture instead of just achieving targets

    Pays really well. CTC quoted actually is the salary paid. Bonus and all other incentives were over and above that.

    Cons

    Very bad HR, no rotation in the management graduate program contrary to what was promised during interview. In the retail side, lack of good products

    Advice to Management

    Focus on your strengths


  10. "Was good initially but ended very frustratingly"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Product Analyst in Mumbai (India)
    Former Employee - Product Analyst in Mumbai (India)
    Negative Outlook
    No opinion of CEO

    I worked at HSBC Holdings full-time (More than a year)

    Pros

    People were great to work with and are very knowledgeable since they have been in the industry and the company for a very long time

    Cons

    Hierarchy, bureaucracy leading to slow decision making. The company is living in the past and not moving into the future with innovation. It needs a top down restructuring and needs to invest more in technology & systems and not necessarily more people.

    Advice to Management

    Decentralise the decision making


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